Serica Energy (LON:SQZ) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Serica Energy plc (LON:SQZ) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 135.70 ($1.72) and traded as low as GBX 124.79 ($1.58). Serica Energy shares last traded at GBX 125.40 ($1.59), with a volume of 1,030,517 shares.

Wall Street Analysts Forecast Growth

SQZ has been the subject of a number of recent research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.54) price objective on shares of Serica Energy in a research report on Tuesday, February 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 200 ($2.54) price objective on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Trading Up 0.6 %

The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The firm has a market cap of £621.55 million, a PE ratio of -86.92, a PEG ratio of 2.15 and a beta of 0.44. The business has a 50-day moving average price of GBX 141.37 and a two-hundred day moving average price of GBX 135.70.

Serica Energy Company Profile

Serica Energy plc, an upstream oil and gas company, identifies, acquires, explores, exploits, and produces oil and gas reserves in the United Kingdom. The company holds 100% interest in the Keith oil field; 98% interest in the Bruce field; and 50% interest in the Rhum gas field located in the Northern North Sea, as well as 18% non-operating interest in the Erskine field located in Central North Sea.